Hyundai overhaul plan gets more oppositionMay 15
GM Korea expects to turn profit in 2019, plans 2 new vehiclesMay 11
General Motors' South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover for the local market and for export.
GM Korea rescue calls for stake lock-in, regional HQMay 10
S. Korea says deal to ensure GM will stay in country for at least 10 yearsMay 9
South Korea said that an impending deal with General Motors to refinance its local unit will ensure the automaker remains in the country for at least 10 years, as its rights to sell shares and assets will be curtailed.
GM to provide loans to Korean unit, government bank to receive shares, reports sayMay 2
General Motors' planned cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said told Reuters.
GM, South Korea to invest $4.35 billion in troubled unitApril 26
GM Korea, union reach tentative wage deal to avert bankruptcyApril 23
Activist investor turns up heat on HyundaiApril 23
Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.
GM Korea, union fail to reach wage dealApril 20
GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.
As GM mulls options, how does bankruptcy work in S.Korea?April 19
GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales. A look at how South Korea's court-managed bankruptcy protection procedures work.